Mom Buys Two-year-old $6.5 million Condo, Puts Your Bugaboo to Shame

This week, a Chinese mother paid $6.5 million for a condo in Midtown’s One57 for her two-year old daughter to use when she goes to college, according to the Daily News.

As Kevin Brown of Sotheby’s international explained in an interview, “She said, well, her daughter was going to go to Columbia, or NYU or maybe Harvard, and so she needed to be in the center of the city and that was why she was picking this one particular apartment.” Presumably they’ll have ironed out the kinks in the Ivy League bribery market by then.

After inquiring about the age of the future scholar, Mr. Brown was shocked to hear that the prospective inhabitant was only two-years old and wouldn’t be inhabiting the apartment until, you know, 2029. Which is totally foolproof, because it’s not like the New York real-estate market has changed much in the past sixteen years.

The tallest residential building in the city, One57 will stand 90 stories tall when it reaches completion next year, and has attracted wealthy investors from across the globe, including China, Russia and South Korea. According to Mr. Brown, Chinese buyers make up a quarter of his client base, a number that has grown in recent years (no word on how many of these buyers are old enough to tie their own shoes).

So, in case you needed convincing that the New York real-estate market is completely out of touch with reality, there you have it. While the rest of us steadily employed adults struggle to find rat-free lodging in the wilds of Bushwick, Chinese toddlers are gearing up to be able to throw the sickest house parties imaginable. Woo, Harvard Spring Break 2029!

Wow. 1. What a huge waste of money. 2. What if her daughter doesn't want to go to a college in that area? 3. The mother sounds batshit insane. 4. The kid is 2 and doesn't need anywhere to live but where she's living - with her parents. 5. Where's the dad? Does he think she's as insane as everyone else does? 6. Why would the owner let the mother buy this, when its going to be sitting empty for 16+ years? 7. What if the building isn't there in 2029? That would be a huge waste of money and make her look absolutely insane. 8. The mother should be sent to a mental hospital and have all her money frozen until she knows how to manage her money. 9. What if the daughter doesn't even GO to college? 10. Her daughter must think she's insane - and will when she's old enough to comprehend what an idiotic purchase this was. I can go on, but I think 10 points is enough for now. I'm just shocked by this.

With the way these earthquakes and sinkholes are popping up around the place, I'd be shocked if America is still intact, 16 years from now. I guess this is just a roll of the dice, unless she is secretly buying the condo for her love interest.